Vertical Announces Ticker Symbol Change to VRCC.OB
April 21 2006 - 9:15AM
Business Wire
Vertical Communications (VRCC.OB), a leading provider of
next-generation, IP-based phone systems and voice applications that
help businesses better serve their customers, today announced that
it has changed its ticker symbol from "ASFT.OB" to "VRCC.OB" in
tandem with officially changing its name to Vertical
Communications. The company had previously been named Artisoft
Inc., doing business as Vertical Communications. The company's
common shares will begin trading under this new ticker symbol
immediately. Vertical was formed through the combination of three
industry-leading companies. In September 2004, Artisoft Inc.
acquired Vertical Networks Inc. to form Vertical Communications,
which then acquired Comdial Corporation in September 2005. The
company's Vertical InstantOffice, Vertical TeleVantage and Vertical
Comdial product lines serve the needs of a wide range of customers
- from small and medium-sized businesses to large, distributed
enterprises - and have won numerous awards in their respective
categories. With a current installed base of more than 400,000
customers, Vertical is one of the largest enterprise telephony
vendors worldwide. Vertical's products are sold, installed and
supported through a worldwide network of more than 1,200
value-added resellers and distributors. About Vertical
Communications, Inc. Vertical Communications, Inc. is a leading
provider of next-generation IP-based voice and data communications
systems for business. Vertical combines voice and data technologies
with business process understanding to deliver integrated IP-PBX
and application solutions that enhance customer service and
business productivity. Vertical's customers are leading companies
of all sizes - from small to large and distributed - and include
CVS/pharmacy, Staples and Apria Healthcare. Vertical is
headquartered in Cambridge, Mass. and delivers its solutions
through a worldwide network of systems integrators, resellers and
distributors. For more information, please visit the company's
Website at www.vertical.com. "Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995. This release
contains forward-looking statements based on current expectations
or beliefs, as well as a number of assumptions about future events,
and these statements are subject to important facts and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. The
forward-looking statements in this release address a variety of
subjects, including, without limitation, the value that may or may
not be placed upon our products as a result of our partner
relationships, the ability of our products to improve the financial
results of our customers, the perceived value our products have for
our customers. The following factors, among others, could cause
actual results to differ materially from those described in these
forward-looking statements: the risk that the use of our products
may fail to improve the financial performance of our customers, and
the risk that our current and potential customers may fail to
perceive the value that we ascribe to our product offerings, or
difficulties and other factors detailed in the Company's filings
with the Securities and Exchange Commission including its most
recent filings on Form 10-K. Trademark Information Vertical
Communications and the Vertical Communications logo and
combinations thereof are trademarks of Vertical Communications,
Inc. Artisoft, TeleVantage, InstantOffice and Vertical Networks are
registered trademarks of Artisoft, Inc. All other brand and product
names are used for identification only and are the property of
their respective holders.
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